Zhongpin, Inc. (HOGS) Misses Q3 EPS by 6c, Maintains Guidance

Zhongpin, Inc. (NASDAQ: HOGS) reported Q3 EPS of $0.30, $0.06 worse than the analyst estimate of $0.36. Revenue for the quarter came in at $415.7 million versus the consensus estimate of $392.73 million.

The Company maintains its previous guidance for 2012. Zhongpin expects that sales revenues should be within a range of US$1.55 billion to $1.72 billion for 2012. Gross profit margin is expected to be within the range of 8.6% to 10.2%. Net profit margin is expected to be within the range of 3.3% to 4.2%. The resulting diluted earnings per share for the fiscal year ending December 31, 2012 is expected to be within the range of $1.36 to $1.92 per share, assuming average diluted common shares outstanding of about 37.5 million shares in 2012. Assumptions and judgments supporting the guidance are shown below.

For earnings history and earnings-related data on Zhongpin, Inc. (HOGS) click here.

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